May 9, 2019 @ 10:53 am By JD Alois  |  

Speedy blockchain Hedera Hashgraph and Chainlink have jointly announced they will collaborate to integrate Chainlink’s decentralized oracle network with Hedera’s enterprise level distributed ledger technology (DLT). According to Hedera, this will allow developers writing Hedera-based smart contracts to access real-world data, events and payment information…. Read More

May 9, 2019 @ 9:11 am By JD Alois  |  

Fintech Raisin has announced that Orange Digital Ventures is participating in their €100m Series D fundraising round alongside existing investors Index Ventures, PayPal, Ribbit Capital, and Thrive Capital. Orange Digital Ventures is the VC branch of Orange, one of the largest telecommunications companies in the… Read More

May 9, 2019 @ 8:11 am By JD Alois  |  

New real estate investment platform RealT has launched seeking to tokenize real estate assets. The company said in a release they intend to start with residential property in Detroit with plans to expand into other cities during the year. RealT states that it will also… Read More

May 8, 2019 @ 10:25 pm By JD Alois  |  

This week, the Financial Action Task Force (FATF) held the annual meeting of its Private Sector Consultative Forum in Vienna, Austria. The event was hosted by the United Nations Office on Drugs and Crime (UNODC). Part of the discussion addressed the growing crypto market and… Read More

May 8, 2019 @ 4:08 pm By JD Alois  |  

Real estate crowdfunding platform CrowdStreet has shared some interesting news. According to the platform, sponsor J.Jeffers & Co. raised $10 million on CrowdStreet in just 80 minutes. In total, $14 million was raised in a day ($16.7 million in total offers were submitted). This is… Read More

May 8, 2019 @ 3:13 pm By JD Alois  |  

Schadenfreude? Binance, the largest crypto exchange in the world, suffered a humbling hack where a hot wallet was compromised and criminals absconded with a mere $40 million. Other exchanges and crypto insiders have been quick to comment on the ignominious event. Julie Plavnik, CBDO at… Read More

May 8, 2019 @ 9:49 am By JD Alois  |  

The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in… Read More

May 8, 2019 @ 8:11 am By JD Alois  |  

Crypto exchange Zebpay has opened up trading services to the Australian market with a new office in the Fintech hub of Melbourne.  Zebpay currently claims over 3 million active users. The company is headquartered in Singapore. Zebpay is also extending its Lightning Network to Australia… Read More

May 7, 2019 @ 10:54 pm By JD Alois  |  

In March, Bitwise Asset Management pitched their case regarding the creation of a Bitcoin ETF to the Securities and Exchange Commission (SEC). While providing a compelling argument as to why the SEC should move forward with their ETF, the presentation also provided some interesting insight… Read More

May 7, 2019 @ 9:49 pm By JD Alois  |  

QEDIT, a provider of zero knowledge proof blockchain, has announced a new partnership with Ant Financial, VMWare and RGAX – a subsidiary of the Reinsurance Group of America. The announcement follows a significant $10 funding round led by MizMaa Ventures with participation from Ant Financial,… Read More

May 7, 2019 @ 7:54 pm By JD Alois  |  

LendingClub (NYSE: LC), the leading marketplace lender in the US, reported first-quarter results today. According to the online lender, applications grew 31% with originations hitting $2.7 billion. Importantly, 73% of customers were approved within the first 24 hours – a necessary metric in the digital… Read More

May 7, 2019 @ 2:40 pm By JD Alois  |  

Challenger bank Tandem has been recognized by CFI.co (Capital Finance International) as the “Best Neo Bank UK 2019.” According to Tandem, the CFI.co judges stated that “Tandem differentiates itself from other banks in the way its people always consider how well a new initiative will… Read More

May 7, 2019 @ 11:26 am By JD Alois  |  

European peer to peer lending platform Robo.cash has published a note on platform investors indicating that after the first month of investing, users tend to invest 30% more. The second month, investors bump it up by another 10%. The intimation is that new investors test… Read More

May 7, 2019 @ 9:44 am By JD Alois  |  

Following the success of the state-sponsored Singapore Fintech Festival, the Monetary Authority of Singapore (MAS) has partnered with the Central Bank of Kenya (CBK) to launch a new event – the inaugural Afro-Asia Fintech Festival. The conference will take place in Nairobi this coming July…. Read More

May 7, 2019 @ 8:46 am By JD Alois  |  

Raisin, a Fintech that enables consumers to discover higher interest rates for their savings account, has analyzed European savings behavior in honor of Europe Day. More specifically, Raisin reviewed the UK, Spain, and Germany. Regarding Germany, Raisin’s largest market and their home base, the country… Read More

May 6, 2019 @ 10:11 pm By JD Alois  |  

Peer to peer lender Fincera (OTCQB: YUANF) has issued their 2018 year-end results. The Chinese online lender reported top line revenue for the year ended December 31, 2018 at RMB 1,412.0 million (USD $205.7 million), an increase of RMB 388.1 million from RMB 1,023.9 million… Read More

May 6, 2019 @ 11:08 am By JD Alois  |  

Overstock (NASDAQ:OSTK) is circulating a letter to shareholders in the Series A preferred shares telling investors they are transitioning to tZero securities token trading platform. To facilitate the transition, Overstock will need to issue new shares and the company must receive individual shareholder approval. The… Read More

May 6, 2019 @ 8:44 am By JD Alois  |  

Fidelity, the mega mutual fund company that is entering the crypto sector, shared a survey last week quantifying institutional participation in digital assets. In a release, Fidelity said that 22% of institutional investors have exposure to digital assets with 40% expressing interest in the coming… Read More

May 6, 2019 @ 8:21 am By JD Alois  |  

Thunes (previously DBA as TransferTo), a cross-border payments Fintech, has completed a $10 million Series A financing led by GGV Capital.  Thunes is a Licensed Payments Service Provider in the UK. Headquartered in Singapore, Thunes connects mobile wallet operators, corporates, merchants, money transfer operators, payment… Read More

May 5, 2019 @ 9:47 pm By JD Alois  |  

Beyond Meat Inc. (NASDAQ:BYND), completed an initial public offering (IPO) last week raising approximately $240 million on a valuation of $1.5 billion at $25/share. Once listed on NASDAQ, Beyond Meat jumped far beyond its initial pricing quickly rising in value topping $3.8 billion at over… Read More